TV18 Broadcast, the company that runs CNN-IBN, IBN7 and CNBC-TV18, is going through an organisational restructuring, Hindu Business Line reported. This has already led to a few employees getting the pink slip; many more could receive them over the next few days.
The company is in the process of integrating the newsrooms of its English and Hindi channels. Under the integrated newsrooms model, it will reduce staff requirements by drawing on bilingual skills for reportage. Ernst & Young is advising the company on the restructuring process.
Earlier this week, Dilip Venkatraman, CEO of CNN-IBN and IBN7, quit the company to pursue, in the company’s words, his “entrepreneurial interests”. The company statement also said that Ajay Chacko, COO, Network18, will oversee the operations of the IBN News Network in the interim.